3060 Gates Road

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3060 Gates Road

Auburn, NY 13021
Asking Price
$600K
Asset Type
Commercial Land
Class
Class B

What's Special

An Exceptional Finger Lakes Opportunity - 20+ Pristine Acres with Public Utilities <ul><li>​<strong style="color: rgba(0, 0, 0, 1)"> 20+ Acres of Scenic and Level lawns (former Arnold Palmer minature golf course)</strong></li><li>​Commercially Zoned - Professionally appraised in 2023 for $860,000</li><li>​Heart of the Fingers on the Outskirts of the City of Auburn, NY</li><li>​Public sewers, natural gas, and public water</li><li>​Surrounded by Thriving Businesses in High-Traffic area</li><li>​Close Proximity to NYS Thruway, Owasco Lake, Skaneateles Village & City Of Syracuse</

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NOI
$80,000
Cap Rate
13.34%
DSCR
2.25
Strong
Cash-on-Cash
24.66%
Monthly Payment
$2,967.978
Annual Cash Flow
$44,384.265

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